4//SEC Filing
ABINGTON BANCORP INC 4
Accession 0000910647-04-000203
CIK 0000812146operating
Filed
Apr 29, 8:00 PM ET
Accepted
Apr 30, 5:35 PM ET
Size
24.5 KB
Accession
0000910647-04-000203
Insider Transaction Report
Form 4
GELLER JOEL
Director
Transactions
- Disposition to Issuer
Common Stock
2004-04-29−140,026→ 0 total - Disposition to Issuer
Phantom stock units
2004-04-29−1,890→ 0 total→ Common (1,890 underlying) - Disposition to Issuer
Common Stock
2004-04-29−3,568→ 0 total(indirect: By Spouse) - Disposition to Issuer
Common Stock
2004-04-29−2,228→ 0 total(indirect: By Daughter) - Disposition to Issuer
Stock Option (right to buy)
2004-04-29−1,500→ 0 totalExercise: $15.50Exp: 2007-07-24→ Common (1,500 underlying) - Disposition to Issuer
Stock Option (right to buy)
2004-04-29−2,000→ 0 totalExercise: $20.75Exp: 2008-02-24→ Common (2,000 underlying) - Disposition to Issuer
Common Stock
2004-04-29−1,688→ 0 total(indirect: By Son)
Footnotes (8)
- [F1]Disposed of pursuant to a merger agreement among issuer, Seacoast Financial Services Corporation and Coast Merger Sub Corporation. Under the terms of the merger agreement, each outstanding share of issuer common stock has been converted into the right to receive 1.4468 shares of Seacoast common stock (plus cash in lieu of any fractional share interest) or $34.00 in cash. Holders of issuer common stock were given the opportunity to elect whether to receive shares of Seacoast common stock, cash or a combination of stock and cash in exchange for their shares of issuer common stock, subject to allocation and proration procedures set forth in the merger agreement designed to ensure that 75% of the shares of issuer common stock are exchanged for stock and 25% for cash. As of the date of this filing, the proration and allocation procedures have not been completed. On the effective date of the merger, the closing price for Seacoast common stock was $32.66.
- [F2]This option, which is fully vested, was converted into an option to purchase 2,170 shares of Seacoast Financial Services Corporation common stock at an exercise price of $10.71.
- [F3]This option, which is fully vested, was converted into an option to purchase 2,893 shares of Seacoast Financial Services Corporation common stock at an exercise price of $14.34.
- [F4]This option, which is fully vested, was converted into an option to purchase 2,893 shares of Seacoast Financial Services Corporation common stock at an exercise price of $9.33.
- [F5]This option, which is fully vested, was converted into an option to purchase 2,893 shares of Seacoast Financial Services Corporation common stock at an exercise price of $7.74.
- [F6]This option, which is fully vested, was converted into an option to purchase 2,893 shares of Seacoast Financial Services Corporation common stock at an exercise price of $8.92.
- [F7]These stock units, which were accrued under the Abington Bancorp, Inc. Deferred Stock Compensation Plan for Directors, were converted into 1,890 shares of Seacoast Financial Services Corporation common stock.
- [F8]1 for 1
Documents
Issuer
ABINGTON BANCORP INC
CIK 0000812146
Entity typeoperating
IncorporatedMA
Related Parties
1- filerCIK 0000812146
Filing Metadata
- Form type
- 4
- Filed
- Apr 29, 8:00 PM ET
- Accepted
- Apr 30, 5:35 PM ET
- Size
- 24.5 KB